Tech executive still behind bars

Bail hearing for Chinese CFO to continue Tuesday

Jim Morris, Rob Gillies and Paul Wiseman Associated Press

Published
10:06 pm EST, Monday, December 10, 2018

People hold a sign at a Vancouver, British Columbia courthouse prior to the bail hearing for Meng Wanzhou, Huawei's chief financial officer on Monday, December 10, 2018. Meng Wanzhou was detained at the request of the U.S. during a layover at the Vancouver airport on Dec. 1.(Jonathan Hayward/The Canadian Press via AP) less

People hold a sign at a Vancouver, British Columbia courthouse prior to the bail hearing for Meng Wanzhou, Huawei's chief financial officer on Monday, December 10, 2018. Meng Wanzhou was detained at the request ... more

Photo: Jonathan Hayward

Photo: Jonathan Hayward

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People hold a sign at a Vancouver, British Columbia courthouse prior to the bail hearing for Meng Wanzhou, Huawei's chief financial officer on Monday, December 10, 2018. Meng Wanzhou was detained at the request of the U.S. during a layover at the Vancouver airport on Dec. 1.(Jonathan Hayward/The Canadian Press via AP) less

People hold a sign at a Vancouver, British Columbia courthouse prior to the bail hearing for Meng Wanzhou, Huawei's chief financial officer on Monday, December 10, 2018. Meng Wanzhou was detained at the request ... more

Photo: Jonathan Hayward

Tech executive still behind bars

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Vancouver, British Columbia

A jailed Chinese technology executive will have to wait at least one more day to see if she will be released on bail in a case that has raised U.S.-China tensions and complicated efforts to resolve a trade dispute that has roiled financial markets and threatened global economic growth.

Meng Wanzhou, the chief financial officer of Chinese telecommunications giant Huawei and daughter of its founder, was detained at the request of the U.S. during a layover at the Vancouver airport Dec. 1 — the same day that Presidents Donald Trump and Xi Jinping of China agreed to a 90-day cease-fire in the trade dispute that threatens to disrupt global commerce.

The U.S. has accused Huawei of using a Hong Kong shell company to sell equipment to Iran in violation of U.S. sanctions. It also says Meng and Huawei misled banks about the company's business dealings in Iran.

After a second daylong session, Justice William Ehrcke said the bail hearing would continue Tuesday.

In urging the court to reject Meng's bail request, prosecutor John Gibb-Carsley noted the Huawei executive has vast resources and a strong incentive to flee as she is facing fraud charges in the United States that could put her in prison for 30 years.

Gibb-Carsley later told the judge that if he does decide to grant bail it should include house arrest.

Meng's lawyer said Meng was willing to pay for a surveillance company to monitor her and wear an ankle monitor but she wanted to be able to travel around Vancouver and its suburbs.

Meng's arrest has fueled U.S.-China trade tensions at a time when the two countries are seeking to resolve a dispute over Beijing's technology and industrial strategy.